Trade War Escalates: U.S. and China Impose Steep Tariffs

​The escalating trade war between the U.S. and China has intensified, with both nations imposing steep tariffs on each other's goods. President Donald Trump has raised tariffs on Chinese imports to 145%, prompting China to retaliate with 125% tariffs on U.S. products. These measures have led to significant economic uncertainty, affecting industries, stock markets, and global trade relations. Major corporations like Tesla and Apple are experiencing increased production costs and sales disruptions in China. The U.S. economy faces recession risks, with key figures expressing concern over market instability. International leaders are calling for diplomatic solutions during a 90-day pause in some tariffs, but the situation remains uncertain with no resolution in sight.